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Technology Stocks : Texas Instruments - Good buy now or should we wait?
TXN 191.86+8.3%11:51 AM EST

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To: Fred Levine who wrote (5392)11/28/2000 10:51:01 AM
From: slacker711   of 6180
 
TI taking marketshare in cablemodem chip market....

yahoo.cnet.com

TI lassoes market for cable-modem chips
By Bloomberg News
November 27, 2000, 12:20 p.m. PT
DALLAS--Texas Instruments, the top maker of chips for cell phones, said Monday it has gained 30 percent of the market for cable-modem chips in less than 18 months in the business.

Texas Instruments, based in Dallas, said it will supply 3 million of the 10 million units expected to ship this year. This is a sevenfold increases in its market share from 1999, the company said.


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The company said in a statement that the worldwide market for cable-modem chips may reach 30 million in 2004, citing Patti Reali, an analyst with research group Gartner.

Texas Instruments is seeking to develop new markets for digital signal processors as demand slows from cell phone handset makers such as Nokia, Ericsson and Motorola. In September, Texas Instruments said it expected those customers to ship 400 million to 435 million handsets, after originally estimating 435 million.

"I think over time Texas Instruments will be able to make the transition into this market," said Gerard Klauer Mattison analyst Jack Geraghty, who rates TI shares a "buy." "They're still gaining market share for DSPs used in digital cameras, personal digital assistants and switches for cellular phones. And their long-term prospects are good."

TI's main competition is Broadcom, the largest maker of chips for cable set-top boxes.
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